Exercise 7-7 Swifty Company reports the following financial information before adjustments. Dr. $165,800 Allowance for Doubtful Accounts Sales Revenue (all on credit) Sales Returns and Allowances $3,730 840,900 52,650 rno Prepare the our al entry to record bad debt expense assuming Sw f y Company estimates bad debts at a S% of accounts receivable and b 5% cf accounts receivable but Allowance for Doubtful Accounts had a $.380 debit balance. entry is required, select "No Entry for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit